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| A section of the Yen Bai - Lao Cai highway with 2 lanes. |
The Government Office has just issued Official Dispatch No. 5126/VPCP-CN to the Minister of Finance, the Minister of Construction and VEC to convey their opinions on the policy of implementing the Yen Bai - Lao Cai section expansion project of the Noi Bai - Lao Cai expressway in the form of an emergency project.
Accordingly, the Deputy Prime Minister assigned the Ministry of Finance to preside over and coordinate with the Ministry of Construction, the Ministry of Justice and relevant agencies to consider VEC's proposal on implementing the Yen Bai - Lao Cai section expansion project of the Noi Bai - Lao Cai expressway in the form of an emergency project; report and propose to the Prime Minister before June 12, 2025, clearly stating the agreement/disagreement with VEC's proposal.
In Document No. 1647/VEC-HDTV, VEC proposed that the Prime Minister and Deputy Prime Minister Tran Hong Ha consider and decide to allow the Project to be implemented in the form of an emergency construction project as prescribed in Point b, Clause 1, Article 130 of the Construction Law No. 50/2014/QH13 dated June 18, 2014, amended in Clause 48, Article 1 of Law No. 62/2020/QH14 dated June 17, 2020 of the National Assembly.
In addition, the Project also applies a number of specific mechanisms to accelerate the preparation and implementation of investment, most notably allowing VEC to apply the simplified bidding process according to Article 78 of Decree No. 24/2024/ND-CP; carry out parallel procedures and tasks: survey, design, project establishment; survey, design of construction drawings, estimate making; contractor selection; construction ... and other necessary tasks to implement the Project...
These are groups of solutions that will help the Yen Bai - Lao Cai section expansion project of the Noi Bai - Lao Cai expressway start construction on August 19, 2025; basically complete the entire route in 2026, shortening nearly 4 months compared to the implementation according to normal procedures.
It is known that the Road Network Planning for the period 2021 - 2030, with a vision to 2050, has determined that the Noi Bai - Lao Cai expressway will be 264 km long and have 6 lanes.
Currently, the Noi Bai - Lao Cai expressway, 245 km long, has been invested by VEC and has been collecting tolls since 2014, of which the Noi Bai - Yen Bai section has a scale of 4 lanes; the Yen Bai - Lao Cai section has a scale of 2 lanes (the land has been cleared, the roadbed has been constructed to reach a scale of 4 lanes). The toll collection period for the Noi Bai - Lao Cai expressway is 27 years (expected to end in 2041).
The Noi Bai - Lao Cai route is a radial expressway, which has been in operation for over 10 years. The Yen Bai - Lao Cai route is currently operating with a scale of 2 lanes, without a median strip, so traffic capacity is limited. When the number of vehicles increases, there will be potential traffic safety risks for people and vehicles traveling on the route, especially on weekends, holidays and Tet.
According to VEC, the Yen Bai - Lao Cai section previously had a scale of 2 lanes from Km123+080 - Km244+155, about 121 km long. During the investment and exploitation process, some sections were expanded to a scale of 4 lanes, about 40 km long.
Thus, the remaining scope of research and investment in expanding the Yen Bai - Lao Cai expressway section is about 83 km. Because the Noi Bai - Yen Bai section currently has a scale of 4 complete expressway lanes, VEC therefore proposes to invest in expanding the Yen Bai - Lao Cai section to a scale of 4 lanes to exploit the scale synchronously with the Noi Bai - Yen Bai section and in accordance with the existing ground conditions, speeding up the project investment progress.
It is estimated that the total investment for the Noi Bai - Lao Cai Expressway expansion project, Yen Bai - Lao Cai section, to a complete 4-lane scale, is about 7,668 billion VND.
In Document No. 726/VEC-TCKT dated March 21, 2025, VEC proposed the capital structure for the Noi Bai - Lao Cai Expressway Expansion Project, Yen Bai - Lao Cai section, including: state budget capital of VND 3,055 billion (about 40% of total investment), VEC mobilized capital of VND 4,613 billion (about 60% of total investment); interest during construction (expected 9%/year) is VND 622 billion.
The toll collection period for the capital mobilized by VEC is about 20 years (expected to end in 2045). According to VEC's report, VEC's capital mobilization plan for the project is calculated based on the plan to increase charter capital for the period 2024 - 2026 for VEC, which was approved by the National Assembly in Resolution No. 191/2025/QH15 dated February 19, 2025.
Source: https://baodautu.vn/giao-dau-moi-xu-ly-de-xuat-mo-rong-cao-toc-yen-bai---lao-cai-cua-vec-d302222.html
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